Daily Current Affairs

Prelims Exam


1.India to Acquire MQ-9B Predator Drones (30 Units)

Key Points:

  • Boosts surveillance capabilities of Indian armed forces.
  • High-altitude, long-endurance armed Unmanned Aerial Vehicle (UAV).
  • Variant of MQ-9 Reaper developed by General Atomics.
  • Used for:
    • Surveillance
    • Intelligence gathering
    • Airstrikes


  • Payload capacity: Up to 5,670 kg
  • Fuel capacity: 2,721 kg
  • Operational altitude: Exceeds 40,000 feet
  • Stealthy operation: Can fly close to ground undetected
  • Maximum endurance: 40 hours
  • Top speed: 275 mph (442 km/h)
  • Armament:
    • 4 Hellfire missiles
    • 450 kg bombs
  • Capabilities:
    • Land & maritime surveillance
    • Anti-submarine warfare
    • Anti-surface warfare
    • Electronic warfare
    • Expeditionary missions
  • Automatic take-off and landing
  • Integrates with civil airspace for real-time situational awareness

Source : https://www.thehindu.com/news/national/india-us-look-at-finalising-mq-9b-predator-drone-deal-by-early-next-year/article67579519.ece#:~:text=The%20high%2Daltitude%20long%2Dendurance,surveillance%20in%20the%20Indian%20Ocean.


2.Capital Gains Tax (CGT) in India

  • Definition: Tax levied on profits earned from selling capital assets (land, buildings, vehicles, patents, etc.).
  • Taxation: Applies when assets are transferred between owners, impacting both individuals and businesses.
  • Types of CGT:
    • Short-term Capital Gains Tax (STCG): Applies to assets held for less than 36 months (24 months for immovable property). Taxed according to income tax slab rate (if STT not applicable) or 15% (if STT applies).
    • Long-term Capital Gains Tax (LTCG): Applies to assets held for over 36 months (over 1 year for specific assets like equities). Taxed at 20% with some exceptions (e.g., LTCG on equity-oriented funds exceeding Rs. 1 lakh taxed at 10%).

Additional Notes:

  • Taxpayers can utilize tax-saving strategies to minimize CGT burden.

Source : https://www.business-standard.com/markets/news/fm-s-clarification-on-capital-gains-tax-could-see-markets-recover-on-monday-124050400291_1.html


3.Foreign Portfolio Investment (FPI) in India

  • Definition: Investments made by foreign entities (individuals, corporations, institutions) in Indian financial assets like stocks, bonds, and mutual funds.
  • Purpose: Aims for quick returns through participation in the Indian stock market.
  • Regulation: Governed by the Securities and Exchange Board of India (SEBI).
  • Investment Instruments: Stocks, bonds, mutual funds, derivatives, fixed deposits, etc.
  • Key Players: Foreign Portfolio Investors (FPIs) registered with SEBI.

Participatory Notes (P-Notes):

  • Financial instruments issued by registered FPIs to overseas investors seeking indirect access to Indian securities.
  • Considered offshore derivative investments.
  • No direct registration with SEBI required for the underlying investor.
  • FPIs report all P-Note investments quarterly to SEBI, but investor identities remain undisclosed.

Source :  https://www.business-standard.com/markets/news/gift-city-foreign-portfolio-investors-allowed-to-issue-participatory-notes-124050301109_1.html


4.Sahyadri Tiger Reserve

  • Location: Sahyadri Ranges of the Western Ghats in Maharashtra.
  • Formed in 2010 by merging:
    • Chandoli National Park
    • Koyna Wildlife Sanctuary
  • Key features:
    • Undulating terrain with steep escarpments along the western boundary.
    • Numerous barren rocky plateaus (“Sadas”) with minimal perennial vegetation.
    • Presence of climax and near-climax vegetation.
  • Vegetation: Moist evergreen, semi-evergreen, moist, and dry deciduous types.
  • Diverse flora: Medicinal plants, fruit trees, and commercial hardwood trees.
  • Fauna: Tigers, leopards, wolves, jackals, wild dogs, and various deer species.
  • Other tiger reserves in Maharashtra:
    • Melghat Tiger Reserve
    • Bor Tiger Reserve
    • Nawegaon-Nagzira Tiger Reserve
    • Pench Tiger Reserve
    • Tadoba-Andhari Tiger Reserve

Source : https://indianexpress.com/article/cities/mumbai/maharashtra-gears-up-to-translocate-tigers-from-tatr-to-sahyadri-reserve-9310281/

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